Home Forums Hunting & Shooting Hunter's Campfire So, the Repub Tax Plan will only cut business taxes

Why cut corporate taxes? Simple. Corporations don't really pay taxes. They collect them from their customers and pass the money on to the government. You pay them every time you buy a hamburger or a set of tires. It's simply a method of concealing the taxes, so people don't realize what they are actually paying.

That shell game works well enough, as long as the rates are pretty much in line with what the rest of the world is doing. As it is, ours are not. That forces the big international corporations to move jobs offshore, and it makes our products uncompetitive in the world market.

Cutting the corporate tax rate to 20% may be the single most important financial thing the government can do for the voters, though it's hard to convince the voters that is true.

It will result in the repatriation of billions of dollars held offshore, and it will create an influx of American jobs.

It's not the voters vs. the corporations. Both voters and corporations win with that cut.

As for the loss of some deductions, it's not that big a deal. The personal exemption is set to double. That's just a simplification: higher personal deduction, loss of some itemized deductions.

Loss of the deduction for state and local taxes is probably a good thing. As it is, that deduction takes some of the sting out of very high taxes in some blue states, and allows those state governments to get away with what they are doing. In effect, it's transferring money from the federal government to irresponsible state governments. So if you live in Texas, Utah, or other financially responsible state, you should be cheering at that prospect. Let those states bear their own tax burden, and let the peasants revolt in those states, and elect more fiscally responsible officials. As it is, your tax dollars are shielding those officials from the consequences of their folly.

Will the cuts increase the deficit? Maybe yes, maybe no. Short of doing something sensible like reducing spending, cutting taxes will stimulate the economy and may actually result in higher tax revenues.

People spending money creates more jobs.. Wealthy people investing creates fewer jobs!


Velocity of money makes the economy go round.

Correct on all three points

Sorry, my mistake., make that 50,000,000.

13 million Americans will lose their Health Insurance under this plan. Middle income tax plan is until 2025 and corporate is permanent,
high property tax states will get the shaft under this plan and any one with expensive medical issues will go bankrupt. This tax bill is
for corporations only. No corporate tax lope holes are being closed. No off shore tax havens are being closed. In 3 years we will have a
big tax increase paid for by the middle class.

13 million Americans will lose their Health Insurance under this plan. Middle income tax plan is until 2025 and corporate is permanent,
high property tax states will get the shaft under this plan and any one with expensive medical issues will go bankrupt. This tax bill is
for corporations only. No corporate tax lope holes are being closed. No off shore tax havens are being closed. In 3 years we will have a
big tax increase paid for by the middle class.

Agree, low income will be better off under Trump tax plan. If you have a big mortgage, or medical issues your in trouble.
Corporations have more cash in the bank now than ever, and Trump wants to give them more at our expense. How are we
going to cover 1.7 Trillion short fall in government revenue if this goes thru? Middle class will be paying for that corporate
tax break a few years down the road.

13 million Americans will lose their Health Insurance under this plan. Middle income tax plan is until 2025 and corporate is permanent,
high property tax states will get the shaft under this plan and any one with expensive medical issues will go bankrupt. This tax bill is
for corporations only. No corporate tax lope holes are being closed. No off shore tax havens are being closed. In 3 years we will have a
big tax increase paid for by the middle class.